Band Around a Moving Average

[forrest]

I am trying to find an indicator that will create a band a certain number of pips above and below a moving average. For example: create a 89sma moving average and have an option to add a 20 pip band above or below.

Any help would be greatly appreciated.

[NinjaTrader_JoshP]

forrest,

You would need to make a custom indicator for this and then create two plots for the bands. When you set the value to the plots you can just take "SMA(89)[0] + 20 * TickSize" or "SMA(89)[0] - 20 * TickSize" to bump up/down the bands.

[forrest]

question

I have never programmed anything. What are other options?

[NinjaTrader_JoshP]

Unfortunately this would have to be done through programming a custom indicator. You could try one of these 3rd party NinjaScript Consultants here: http://www.ninjatrader.com/webnew/pa...injaScript.htm

[mike82]

forrest:

go into the wizard: tools>newninjascript>new indicator

give it a name
check the overlay box

next

write
Period
where MyInput was

next

change
Plot0 to Avg
and name the next 2 plots Upr and Lwr

(feel free to play with the colors)

next
(you're not adding lines so)
next

finish

a new window with code will open up

find the line:
Avg.Set(Close[0]);
Upr.Set(Close[0]);
Lwr.Set(Close[0]);

change it to:

Avg.Set(SMA(period)[0]);
Upr.Set(SMA(period)[0]+20 * TickSize);
Lwr.Set(SMA(period)[0]-20 * TickSize);

click the compile button(or F5)
and you're set

also in the variables screen in the wizard you can add an Offset variable and replace the 20 with the variable in the code.

enjoy

[forrest]

Mike

Mike,

Thanks man. I appreciate the detailed response. Thank you so much, this is a life saver for me. I'll give it shot tomorrow.

Forrest

[forrest]

Mike

Mike,

Worked perfectly Mike. Thank you for your help!

Forrest

[mainstream]

Thanks

This is helpful thank you.

[maxreturn]

Mike,

Worked perfectly Mike. Thank you for your help!

Forrest

Hello Forrest. I currently have the broker version of Ninja Trader which does not allow me to build custom indicators. Would you mind uploading this indicator to the "Indicator Sharing" forum? Thanks for your consideration.

Regards
Chuck

[forrest]

Maxreturn

Let's see if this works. I will try to attach here.

[maxreturn]

Let's see if this works. I will try to attach here.

Thanks Forrest but when I try to download the file has a ".cs" extension and only allows me to download as a Metaquotes 4 file. Is there a way for you to export it from within Ninja Trader as a "zip" file? Thanks for your consideration.

Regards
Chuck

[forrest]

maxreturn

I will be glad to try. But I am not sure how to send a zip. If you know how I can send without deleting my copy please let me know. The reply above which goes through the steps to set-up this indicator takes no time at all.

Forrest

[NinjaTrader_JoshP]

forrest,

You should export the script with these steps and just in a new post add the zip as an attachment.

http://www.ninjatrader-support.com/HelpGuideV6/helpguide.html?Export1

[maxreturn]

I will be glad to try. But I am not sure how to send a zip. If you know how I can send without deleting my copy please let me know. The reply above which goes through the steps to set-up this indicator takes no time at all.

Forrest

I'm sure that's true Forrest but I have the broker's version of the software which does not allow me to create custom indicators.

Regards
Chuck

[forrest]

maxreturn

Here you go. Thanks for the instructions. Apologize for taking so long..had to watch my two year old. Let me know if this does not work.

Forrest